Meridian Supply
Meridian Supply is located in Saint Louis, MO, and the SBA lists its industry as Service Establishment Equipment and Supplies Merchant Wholesalers. It was approved for an SBA 7(a) loan of $3,213,000 for a change of ownership on February 25, 2025.
SBA 7(a) loan, change of ownership, approved Feb 25, 2025
- Gross approval
- $3,213,000
- SBA-guaranteed amount
- $2,409,750 (75% of the approval)
- Lender
- Midwest Regional Bank, Festus, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 17 years (204 months)
- Estimated maturity
- February 25, 2042 (estimated, approval date plus term)
- Estimated monthly payment
- $32,305 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 423850, Service Establishment Equipment and Supplies Merchant Wholesalers
- Project location
- Saint Louis County, MO
- SBA district office
- St. Louis District Office
- Congressional district
- MO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 83% of acquisition loans in Service Establishment Equipment and Supplies Merchant Wholesalers on this site.
- Average acquisition loan in Service Establishment Equipment and Supplies Merchant Wholesalers: $1,564,583.
- Average acquisition loan in Missouri: $1,584,414.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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